Off-plan property sales in the Dubai real estate market continued to grow strongly, registering a 44.6% increase to AED 191 billion during the first 10 months of this year, compared to AED 132 billion in the same period last year.
These record figures for 2024 represent the highest-ever value for Dubai’s off-plan property sales during this period.
This exceptional growth in demand for off-plan properties in Dubai reflects the increasing interest from local and international investors in the emirate’s vibrant real estate market. This growth is also attributed to ongoing infrastructure development across various sectors and supportive government initiatives.
New projects have seen significant uptake thanks to the variety of options in terms of designs, locations, and flexible payment plans. Additionally, Dubai’s sustainable economic stability enhances investor confidence in the emirate’s future investment and financial prospects.
Residential Apartments
Dubai’s off-plan property sales reached AED 191 billion, resulting from 91,390 transactions during the first 10 months of this year, compared to AED 132 billion from 57,483 transactions during the same period in 2023.
Residential apartments accounted for the largest share of Dubai’s off-plan property sales during the analysis period, totaling AED 151.5 billion from 78,711 transactions. Meanwhile, sales of off-plan villas amounted to AED 36 billion from 10,263 transactions.
Read also, Dubai Real Estate Market: A Look To 2025
Top 10 Off-Plan Property Sales Areas in Dubai
Business Bay maintained its lead in Dubai’s off-plan property sales during the first ten months of this year, recording sales worth AED 13.4 billion from 5,376 transactions. The Airport City area came in second with AED 10.9 billion from 3,964 transactions.
Jumeirah Village Circle ranked third with AED 10 billion from 10,055 transactions, followed by Al Khail Heights 1 in fourth place with AED 7.1 billion from 2,277 transactions, and Al Furjan in fifth place with AED 6.5 billion from 3,293 transactions.
The Burj Khalifa area ranked sixth with sales worth AED 6.4 billion from 1,412 transactions, followed by Mohammed Bin Rashid Gardens in seventh place with AED 6.3 billion from 2,590 transactions.
In eighth place was Ras Al Khor Industrial First with AED 5.5 billion from 2,458 transactions, ninth was Dubai Maritime City with AED 5.4 billion from 2,794 transactions, and tenth was Zabeel First with AED 5.3 billion from 1,692 transactions.
